Closed Bank Accounts Even Harder to Keep Closed (For 2/11/12)

Some Big Banks such as Bank of America and J.P. Morgan Chase will re-open a closed account if it receives an electronic payment or deposit. This brings about unwanted overdraft and account maintenance fees. Consumer experts say the consumer has the responsibility to transfer all regular electronic payments and deposits to their new bank account. Consumers frequently forget to do this as irregular elctronic payments can hit them by surprise. There are banks such as Citibank, Wells Fargo, and PNC Bank that will not re-open closed accounts for these types of items. They require account holders to pull out every penny in it and put the account closing request in writing. http://www.huffingtonpost.com/2012/01/31/zombie-checking-accounts-_n_1245065.html

Top Six Executives at J.P. Morgan Chase Each Got Paid $10 Million-Plus in 2010

On page 24 of this report filed with the SEC, banking giant J.P. Morgan Chase reports that it has paid each of its top six executives $11 million-plus each. Each of them received bonuses worth over $3.4 million in 2010. Jamie Dimon, the bank's CEO, took home total pay of over $20.8 million.
http://www.sec.gov/Archives/edgar/data/19617/000119312511091290/ddef14a.htm#toc149447_12